GATX price target raised to $222 from $211 at Goldman Sachs

Goldman Sachs raised the firm’s price target on GATX (GATX) to $222 from $211 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s strong underlying railcar leasing fundamentals are supporting EPS, including a continuation of robust aftermarket gains on sale, the analyst tells investors in a research note. The secondary market continues to be an area where shippers look to access capacity, which gives GATX confidence that secondary market gains on sale can remain elevated in the near-to-medium term, the firm added.